Online:
Visits:
Stories:
Profile image
By Human Wrongs Watch
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Trump, the Banks and the Bomb

Saturday, January 7, 2017 6:58
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Human Wrongs Watch By Baher Kamal* 

ROME, Jan 7 2017 (IPS) – When pro-nuclear disarmament organisations last October cheered the United Nations decision to start in 2017 negotiations on a global treaty banning these weapons, they probably did not expect that shortly after the US would elect Republican businessman Donald Trump as their 45th president. Much less that he would rush to advocate for increasing the US nuclear power.

Nuclear weapon test at Bikini Atoll in 1946. Credit: United States Department of Defense via Wikimedia Commons

Nuclear weapon test at Bikini Atoll in 1946. Credit: United States Department of Defense via Wikimedia Commons

The United Nations on Oct. 27, 2016 adopted a resolution to launch negotiations in 2017 on a treaty outlawing nuclear weapons, putting an end to two decades of paralysis in world nuclear disarmament efforts.

At a meeting of the First Committee of the UN General Assembly, which deals with disarmament and international security matters, 123 nations voted in favour of the resolution, 38 against it and 16 abstaining.

The resolution will set up a UN conference beginning in March 2017, which will be open to all member states, to negotiate a “legally binding instrument to prohibit nuclear weapons, leading towards their total elimination”. The negotiations will continue in June and July this year.

The Geneva-based International Campaign to Abolish Nuclear Weapons (ICAN), a civil society coalition active in 100 countries, hailed the adoption of the resolution as a major step forward, marking a “fundamental shift in the way that the world tackles this paramount threat.”

“For seven decades, the UN has warned of the dangers of nuclear weapons, and people globally have campaigned for their abolition. Today the majority of states finally resolved to outlaw these weapons,” said ICAN’s executive director, Beatrice Fihn.

Despite arm-twisting by a number of nuclear-armed states, the resolution was adopted in a landslide. A total of 57 nations were co-sponsors, with Austria, Brazil, Ireland, Mexico, Nigeria and South Africa taking the lead in drafting the resolution.

European Parliament’s Resolution

The UN vote came just hours after the European Parliament adopted its own resolution on this subject – 415 in favour, 124 against, 74 abstentions– inviting European Union member states to “participate constructively” in the 2017 year’s negotiations, ICAN noted.

Nuclear weapons remain the only weapons of mass destruction not yet outlawed in a comprehensive and universal manner, despite their well-documented catastrophic humanitarian and environmental impacts, the anti-nuke campaign chief warned.

“A treaty prohibiting nuclear weapons would strengthen the global norm against the use and possession of these weapons, closing major loopholes in the existing international legal regime and spurring long-overdue action on disarmament,” said Fihn.

“Today’s [Oct. 27, 2016] vote demonstrates very clearly that a majority of the world’s nations consider the prohibition of nuclear weapons to be necessary, feasible and urgent. They view it as the most viable option for achieving real progress on disarmament.”

Biological weapons, chemical weapons, anti-personnel landmines and cluster munitions are all explicitly prohibited under international law. But only partial prohibitions currently exist for nuclear weapons.

ICAN also recalls that nuclear disarmament has been high on the UN agenda since the organisation’s formation in 1945. “Efforts to advance this goal have stalled in recent years, with nuclear-armed nations investing heavily in the modernisation of their nuclear forces.”

Other pro-nuclear disarmament organisations also welcomed the UN resolution. They included PAX, a partnership between IKV (Interchurch Peace Council) and Pax Christi; Soka Gakai International (SGI), a community-based Buddhist organisation that promotes peace, culture and education centered on respect for the dignity of life; and the International Physicians for the Prevention of Nuclear War (IPPNW), just to mention a few.

US Must Greatly Strengthen, Expand Its Nuclear Capability – Trump

Donald Trump speaking at CPAC 2011 in Washington, D.C. Photo: Gage Skidmore. Creative Commons Attribution-Share Alike 2.0 Generic license. Wikipedia

The global ani-nuke movment, however, soon saw its joy being frustrated by the US president-elect Donald Trump, who in a tweet on Dec. 22, 2016, wrote:

Donald J. Trump Verified account ‏@realDonaldTrump : “The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes.

Trump’s announcement, if materialised, would imply one of the most insourmountable hardles facing the world anti-nuclear movement.

Is Your Bank Funding Nuclear Bombs?

Meanwhile, the international campaign to prevent private banks and financial companies from funding the production and modernisation of nuclear weapons has achieved a further step forward.

“Governments have decided to negotiate a nuclear weapons ban treaty in 2017, and now is the time for banks, pension funds and insurance companies to get ready and end financial relations with companies involved in nuclear weapons,” says Susi Snyder from PAX and author of a the Hall of Fame report.

“Around 400 private banks, pension funds and insurance companies continue to fund –with their clients’ money– the production of nuclear weapons.”

According to this study, 18 banks, controlling over 1.7 trillion Euros, are ready not to collaborate in the funding of atomic weapons, with policies that strictly prohibit any investment of any type in any kind of nuclear weapon-producing company.

These 18 banks are profiled in the Hall of Fame of the Don’t Bank on the Bomb 2016 edition, which was issued on Dec. 7, 2016. These Hall of Fame institutions are based in Australia, Denmark, Italy, the Netherlands, Norway, Sweden and the United Kingdom.

The report also shows there are another 36 financial institutions with policies that specifically name nuclear weapons as a concern, and limit investment in some ways.

“Even though these policies have loopholes, they still demonstrate there is a stigma associated with investments in nuclear weapons. PAX calls on these institutions to strengthen their policies and Don’t Bank on the Bomb offers tailored recommendations for each financial institute in the Runners-Up.”

Investments are not neutral, warns the report. “Financing and investing are active choices, based on a clear assessment of a company and its plans. Institutions imposing limitations on investing in nuclear weapons producers are responding to the growing stigma against these weapons, designed to kill indiscriminately.”

All of the nuclear-armed countries are modernising their nuclear weapon arsenals, and Don’t Bank on the Bomb details how 27 private companies are producing key components to make nuclear weapons as well as the 390 banks, insurance companies and pension funds that still invest in nuclear weapon-producing companies, the report adds.

“As a new treaty prohibiting nuclear weapons is to be negotiated in 2017, states should include a prohibition on financing to provide an added incentive for the financial industry to exclude nuclear weapon associated companies from their investment universe, and raise the economic cost of nuclear weapons deployment, stockpiling and modernisation.”

Some Striking Facts about Nukes

The International Campaign against Nuclear Weapons summarises the most striking facts about this weapon of mass destruction:

Which countries have nuclear weapons and how many?

What are their effects on health and the environment?

Who supports a global ban on nuclear weapons?

What are the most significant events of the nuclear age?

Related IPS Articles

*Baher Kamal‘s article was published in IPS. Go to Original

*Baher Kamal, Egyptian-born, Spanish-national secular journalist. He is founder and publisher of Human Wrongs Watch. Kamal is a pro-peace, non-violence, human rights, coexistence defender, with more than 45 years of professional experience.
 
With these issues in sight, he covered practically all professional posts, from correspondent to chief editor of dailies and international news agencies. 
.
More articles by Baher Kamal in Human Wrongs Watch:

Poor Darwin – Robots, Not Nature, Now Make the Selection

“Bonn Has Become an Insider Tip on the International Stage”

Battle of the Desert (and III): The Silk Road

Battle of the Desert (II): A ‘Great Green Wall for Africa’

Battle of the Desert (I): To Fight or to Flee?

Children of the ‘Others’, Sons of Minor Gods

Trump – The Symptom

World to Cut Gas Emissions by 25 Percent More Than Paris Agreement

Toxic Air – The ‘Invisible Killer’ that Stifles 300 Million Children

Dying for Europe

Climate Doomsday – Another Step Closer

What Happens When a Small Farmer Migrates?

‘The Earth Is Not Flat; It Is Urban’

Take a Deep Breath?… But 9 in 10 People Live with Excessive Air Pollution!

Believe It or Not, Pulses Reduce Gas Emissions!

Ships Bring Your Coffee, Snack and TV Set, But Also Pests and Diseases

One Humanity? Millions of Children Tortured, Smuggled, Abused, Enslaved…

Arable Lands Lost at Unprecedented Rate: 33,000 Hectares… a Day!

War on Climate Terror (II): Fleeing Disasters, Escaping Drought, Migrating

War on Climate Terror (I): Deserts Bury Two Thirds of African Lands

African Farmers Can Feed the World, If Only…

Climate Victims – Every Second, One Person Is Displaced by Disaster

400 Million People Live with Hepatitis But They Do Not Know

Rights of Indigenous Peoples ‘Critical’ to Combat Climate Change

Forests: To Farm or Not to Farm? That’s the Question!

‘Monster’ El Niño Subsides, ‘Monster’ La Niña Hitting Soon

‘Modern World Is Chaotic, Confused; Human Security a Must’

Xenophobic Rhetoric, Now Socially and Politically ‘Acceptable’ ?

‘Hate Is Mainstreamed, Walls Are Back, Suspicion Kills’

What If Turkey Drops Its “Human Bomb” on Europe?

Humanitarian Aid – Business As Unusual?

World Oceans Day – A Death Sea Called Mediterranean

The Humanitarian Clock Is Ticking, The Powerful Feign Deafness

Humanitarian Summit, The Big Fiasco

Humanitarian Summit: Too Big to Fail?

Humanitarian Summit Aims to Mobilise Up to 30 Billion Dollars

Africa, Resolved to Address African Problems With African Solutions

‘We Cannot Keep Jumping from Crisis to Crisis’

‘Human Suffering Has Reached Staggering Levels’

Now 1 in 2 World’s Refugees Live in Urban Areas

Middle East – The Mother of All Humanitarian Crises

Mideast: 1 in 3 Pays Bribe to Access Basic Public Services

Any Way to Halt Extremism?

Climate: Africa’s Human Existence at Severe Risk

No Water in the Kingdom of the Two Seas – Nor Elsewhere

Will the Middle East Become ‘Uninhabitable’?

Can an Animal Heist Fable Help Solve the Middle East Crisis?

A “Colombian Triangle” for Daesh in Libya?

‘Worse Than World War I’

‘Take My Iraqis and Give Me Some Syrians’ – Europe to Turkey

New Nuclear Hysteria in the Middle East

Africa Launches Largest Trading Block with 620 Million Consumers

Big War Lords Playing Brinkmanship Game in Syria

Cameron at large: Want Not to Become a Terrorist? Speak Fluent English!

Women’s Rights First – African Summit

Africa, Only If It Bleeds It Leads?

Seven Top Challenges Facing African Women

Africa Focuses on Women Rights, Reaffirms Solidarity with Sahrawi People in Struggle for Self Determination

Once Auctioned, What to Do with the ‘Stock’ of Syrian Refugees?

… And All of a Sudden Syria!

Silence, Please! A New Middle East Is in the Making

The Over-Written, Under-Reported Middle East (II): 99.5 Years of (Imposed) Solitude

The Over-Written, Under-Reported Middle East (I): Of Arabs and Muslims

Syria – Minding the Minds

Egypt in the Rear Mirror (I): The Irresistible Temptation to Analyse What One Ignores

Egypt in the Rear Mirror (II): Who Are the Not-So-Invisible Powers Behind the Troglodytes?

Fed Up With Empty Promises, The Arabs May Abandon Nuclear Non-Proliferation Treaty

Anti-Nukes Move from Norway to Bahrain

Middle East Nuclear Free Bid Moves to Finland – Yet Another Lost Chance?

Annual Spending on Nuclear Weapons, Equivalent To UN Budget For 45 Years

Watch The Sky–It May Rain Atomic Bombs

Save The Planet? Just Eat Cars, Drink Fuel!

Who Is Afraid of 300 Or 400 Or 500 Million Miserables?

Violence And Death For Millions Of Life-Givers

Whither Egypt (I) – Did You Say Dictatorship?

Whither Egypt (II) – Economic Bankruptcy

Politicians Promote Fossil Fuels with Half a Trillion Dollars a Year

Who Dares to Challenge a 32 Billion Dollars Business – Human Trafficking?

Palestine: Yet Another One Hundred Years of Solitude

Does Anyone Know Anything About A New Country Called South Sudan?

South Sudan: Yet Another Kitchen-Garden?

Somalia? Which Somalia? Some Facts About Everybody’s — Nobody’s Land

Requiem For Palestine (I): A Conflict Born With A Solution

Requiem For Palestine (II): Can Gruyere Be A Solution?

2017 Human Wrongs Watch



Source: https://human-wrongs-watch.net/2017/01/07/trump-the-banks-and-the-bomb/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.